Green Brick Partners, Inc. (NASDAQ:GRBK) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC raised its position in Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report) by 7,878.6% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 139,944 shares of the financial services provider's stock after acquiring an additional 138,190 shares during the period. GAMMA Investing LLC owned approximately 0.31% of Green Brick Partners worth $8,160,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its holdings in Green Brick Partners by 6.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 565,256 shares of the financial services provider's stock worth $31,932,000 after buying an additional 36,239 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Green Brick Partners by 9.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 397,624 shares of the financial services provider's stock worth $22,462,000 after acquiring an additional 33,152 shares during the last quarter. Northern Trust Corp grew its stake in Green Brick Partners by 6.1% in the 4th quarter. Northern Trust Corp now owns 345,661 shares of the financial services provider's stock worth $19,526,000 after acquiring an additional 19,752 shares during the period. The Manufacturers Life Insurance Company grew its stake in Green Brick Partners by 1,342.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 289,704 shares of the financial services provider's stock worth $16,365,000 after acquiring an additional 269,615 shares during the period. Finally, Voloridge Investment Management LLC grew its stake in Green Brick Partners by 65.3% in the 4th quarter. Voloridge Investment Management LLC now owns 193,597 shares of the financial services provider's stock worth $10,936,000 after acquiring an additional 76,482 shares during the period. Institutional investors and hedge funds own 78.24% of the company's stock.

Green Brick Partners Stock Performance

NASDAQ:GRBK opened at $58.79 on Monday. The company has a quick ratio of 0.63, a current ratio of 7.57 and a debt-to-equity ratio of 0.20. The company has a market cap of $2.58 billion, a P/E ratio of 7.63 and a beta of 1.86. Green Brick Partners, Inc. has a fifty-two week low of $50.57 and a fifty-two week high of $84.66. The firm's 50 day moving average is $58.37 and its two-hundred day moving average is $59.92.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last posted its earnings results on Wednesday, April 30th. The financial services provider reported $1.67 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.70 by ($0.03). Green Brick Partners had a return on equity of 25.35% and a net margin of 17.70%. The company's quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter last year, the company posted $1.82 EPS. Analysts expect that Green Brick Partners, Inc. will post 8.34 EPS for the current year.

Analysts Set New Price Targets

Separately, Wedbush reaffirmed a "neutral" rating and issued a $70.00 target price on shares of Green Brick Partners in a research note on Friday, February 28th.

About Green Brick Partners

Green Brick Partners, Inc is a diversified homebuilding and land development company in the United States. The company operates through three segments: Builder operations Central, Builder operations Southeast, and Land Development. The Builder operations Central segment operates builders in Texas; and the closing and delivery of homes.

Want to see what other hedge funds are holding GRBK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Green Brick Partners, Inc. (NASDAQ:GRBK - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.